This property might be a fair Mid-Term investment with a projected 1.61% first-year return on $68,400 initial cash invested.
1.61%
Cash On Cash
7.54%
Cap Rate
1.15
DSCR
$2,715
Rent
$92
Cashflow
Cash Flow
$2,715 income − $2,623 expenses = $92 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$2,623
Mortgage P&I
48%
$1,308
Property Taxes
11%
$307
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299